Download or read book Credit Use of U.S. Households After the Great Recession written by Kyoung Tae Kim and published by . This book was released on 2015 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the 2010 and 2013 Survey of Consumer Finances (N=12,497), this study investigates the relationship between credit constraint and credit use of U.S. households after the Great Recession. Credit use is identified for two major categories of household debt, (1) installment loan debt and (2) credit card debt. Results of a Heckman selection model indicate that households experiencing credit constraint are more likely to hold installment loan debt and have higher loan amounts than those not experiencing credit constraint. Constrained households are also more likely to hold outstanding credit card balances, but have with lower balance totals than households not experiencing credit constraint. This research provides important insights into consumer credit research as well as related consumer policy.